58 underwriting firms earmark N1bn for insurance rebranding
By ABDUL OLALEKAN
Following the low public acceptance of insurance, about 58 underwriting companies across the country have agreed to generate N1 billion to use spend in order to increase insurance acceptance among Nigerians, Business247 has learnt.
Investigation shows that the low patronage of the insurance sector is seriously affecting the profitability of the operators, with some of them declaring consistent losses, while some of them who made profit are not consistent with it.
To this end, a source revealed that the insurance operators, under the auspices of Insurers’ Committee, had agreed to contribute money in a bid to rebrand the industry, as they believe that remains the only way to grow the sector and makes it contribute more to the country’s Gross Domestic Product (GDP) and economic development.
According to the source, ”All the companies, under the umbrella of the insurers’ committee have agreed to pull resources and promote the insurance business in the country”.
The source added: “We believe this will deepen penetration of insurance in the country. If you have more people convinced about the need to pick up insurance policy and they do, the companies’ premium will be increased and it will increase the industry’s contribution to the nation’s GDP.”
Currently, insurance sector is bedevilled with series of challenges that is limiting the expected growth and prospects of the industry. Currently, insurance sector contributes meagre to the nation’ economy, while the public acceptance of insurance products and services is relatively low, as operators struggle to win more people into buying insurance cover.
The current financial crisis, however, makes matters worse, as the already insured Nigerians are not ready to renew their covers, preferring to have quarterly or half-year cover than the yearly premium they were buying before.
Moreover, most of the listed insurance stocks on the floor of The Nigerian Stock Exchange (NSE) are selling below the par value as shareholders continue to dump insurance stocks.
On the other hand, for the past five years, majority of the operators have failed to either declare meaningful dividend or bonus to their shareholders, a development that stakeholders are unhappy about.
The rebranding project, Business247 learnt, is meant to change all these negative trends.
I simply want to mention I am just very new to weblog and truly liked this web page. Almost certainly I’m going to bookmark your blog . You actually have really good articles. Many thanks for sharing with us your blog.
I simply want to say I am just all new to blogging and site-building and absolutely savored your web site. Likely I’m want to bookmark your site . You really have incredible posts. Many thanks for sharing your blog.
I just want to tell you that I’m beginner to weblog and certainly enjoyed you’re web site. Most likely I’m likely to bookmark your blog post . You absolutely come with great articles and reviews. With thanks for revealing your website page.
I simply want to mention I am just new to blogging and site-building and truly enjoyed your blog site. More than likely I’m planning to bookmark your site . You actually come with perfect well written articles. Kudos for revealing your webpage.
I just want to say I am just new to blogging and site-building and definitely enjoyed this blog site. Likely I’m want to bookmark your site . You really come with exceptional stories. With thanks for revealing your web site.
I just want to tell you that I am just all new to blogging and site-building and absolutely enjoyed your website. Almost certainly I’m want to bookmark your site . You surely come with exceptional writings. Thanks a lot for sharing your web site.
I simply want to say I am all new to blogging and site-building and absolutely savored you’re web blog. More than likely I’m planning to bookmark your website . You absolutely come with tremendous writings. Thanks for sharing with us your web site.
I just want to mention I’m new to blogging and absolutely enjoyed your blog site. Likely I’m want to bookmark your site . You really have perfect article content. Cheers for sharing your blog.
I just want to say I am just all new to blogging and definitely savored your web site. Almost certainly I’m likely to bookmark your site . You surely come with outstanding posts. Appreciate it for sharing with us your web site.
I simply want to say I am just beginner to blogging and definitely liked your blog. Almost certainly I’m want to bookmark your site . You definitely have good well written articles. Appreciate it for sharing your web site.
I simply want to say I am new to blogging and certainly savored you’re web site. Likely I’m want to bookmark your blog . You actually come with fabulous well written articles. Thanks a lot for sharing your web page.
One thing I’ve noticed is always that there are plenty of myths regarding the finance institutions intentions whenever talking about foreclosure. One fairy tale in particular is the fact that the bank desires your house. The bank wants your hard earned dollars, not your house. They want the bucks they gave you together with interest. Steering clear of the bank will simply draw a new foreclosed realization. Thanks for your publication.
In the awesome pattern of things you actually secure an A+ with regard to effort and hard work. Where you actually misplaced everybody was in your specifics. As it is said, details make or break the argument.. And it couldn’t be more accurate at this point. Having said that, permit me inform you precisely what did give good results. Your authoring is definitely pretty engaging and that is probably why I am making an effort to opine. I do not really make it a regular habit of doing that. Second, even though I can notice a jumps in reasoning you come up with, I am not really convinced of just how you appear to unite the ideas which in turn help to make your conclusion. For right now I shall yield to your point however trust in the near future you connect the dots much better.
I was very encouraged to find this site. I wanted to thank you for this special read. I definitely savored every little bit of it and I have you bookmarked to check out new stuff you post. http://www.homedecorated.net
Usually I do not post on blogs, but I would like to say that this article really forced me to do so! Thanks, really nice article.
Thanks for the good writeup. It if truth be told used to be a amusement account it. Glance complicated to far introduced agreeable from you! However, how can we be in contact?|
Sorry for the huge review, but I’m really loving the new Zune, and hope this, as well as the excellent reviews some other people have written, will help you decide if it’s the right choice for you.
Quickbooks=@@>=1.844>722>!!6675!!=@@= QuiCKbOOks Support Phone NumBER >>>!@!!1.844.722.6675 >>@@!!!!!Vikram++++=Quickbooks=@@>=1.844>722>!!6675!!=@@= QuiCKbOOks Support Phone NumBER >>>!@!!1.844.722.6675 >>@@!!!!!QB KA KIng++++=Quickbooks=@@>=1.844>722>!!6675!!=@@= QuiCKbOOks Support Phone NumBER >>>!@!!1.844.722.6675 >>@@!!!!!QB KA baap–here now–agya–call now ++++=Quickbooks=@@>=1.844>722>!!6675!!=@@= QuiCKbOOks Support Phone NumBER >>>!@!!1.844.722.6675 >>@@!!!!!Intuit point of sale support, ((1((844))722((6675))),Intuit phone help, ((1((844))722((6675))),Intuit help desk, ((1((844))722((6675))),Quickbooks help desk, 1844.722.6675Quickbooks payroll support number, ^^1^844^722^^6675,Quickbooks payroll support, ^^1^844^722^^6675,Quickbooks premier support, ^^1^844^722^^6675,Quickbooks premier support phone number, ^^1^844^722^^6675,Quickbooks POS support, ^^1^844^722^^6675,Intuit technical support phone number, ((1((844))722((6675))), Intuit support phone number, ((1((844))722((6675))),Intuit POS support number, ((1((844))722((6675))),Intuit point of sale support, ((1((844))722((6675))),Intuit phone help, ((1((844))722((6675))),Intuit help desk, ((1((844))722((6675))),Quickbooks help desk, 1844.722.6675
Aloha, I found your blog on Bing Weblogs and think it is pretty intriguing and delivers fantastic material. Thank you regarding this superb post, I will certainly promote this on Twitter. Have a pleasant day on interior design ideas for home and office
Hey there I am so delighted I found your site, I really found you by error, while I was browsing on Askjeeve for something else, Regardless I am here now and would just like to say thank you for a tremendous post and a all round entertaining blog (I also love the theme/design), I don’t have time to browse it all at the moment but I have bookmarked it and also added in your RSS feeds, so when I have time I will be back to read a lot more, Please do keep up the fantastic job.|
Hey, thanks for sharing I always look forward to reading your posts one of the few blogs I still follow home decorated
Interesting, I wonder what the statistics are on your first point there on homedecorated
QuickBooks Cloud Hosting Support Phone Number USA >>>>>>>>>>>>>>>> 1-844-722-6675 , 1.844<722<6675=@= QuiCKbOOksSupport Phone NumBER!@!!1-844-722-6675 @@! Quickbooks SuPpoRT 1-844-722-6675 QUickBOokS SupPORT PHonE NumbER USA!JEETôßPppu? 1 844 722 6675 Quickbooks SuPpoRT PhoNENumber..,O»G!!!!??ô US 1-844-722-6675 quickbooks help TELEPhoNE Number..,, !!!!??ôquickbooks help Number..,, !!!!??ôquickbooks SuPpoRT Number..,, quickbooks Number..,, quickbooks PhoNE Number..,, quickbooks TELEPhoNENumber.. 1-844-722-6675 ,, quickbooks 24 hourNumber..,, quickbooks customer SuPpoRT Number..,, QuickBooks tech SuPpoRTPhoNEnumber, Intuit QuickBooks Tech SuPpoRT PhoNE Number, QuickBooks Help Desk PhoNE Number, QuickBooks SuPpoRT number, QUickBOokS SupPORT PHonE NumbER, QuickBooks1-844-722-6675 PhoNEnumber, QuickBooks 1-844-722-6675 SuPpoRT number, QUickBOokS SupPORT/quickbooks-technical-support-number-1-844-722-6675- PHonENumbER. It is very popular toll free number which vide by QuickBooks SuPpoRT, QuickBooks Customer PhoNE Number, QuickBooks CustomerNumber, 1-844-722-6675 QuickBooks CustomerSuPpoRT PhoNE Number, QuickBooks Customer SuPpoRT Number,
Well said, 100 agree.
Finally I found what I was looking for, only took 4 pages of search results.